‘How PenCom recovered N25.45bn from defaulting employers’

The National Pension Commission (PenCom) said it has successfully recovered a total sum of N25.45 billion in unremitted pension contributions from defaulting employers between the years 2012 and 2023.

According to the pension commission, substantial amount encompasses the principal contributions of N12.93 billion and penalties totalling N12.52 billion in about 11 years.